Blockchain to add music platform , expected to release in spring.

Adam B. Levine’s Tokenly will launch a trial version of its token.FM Blockchain music service in May, and has announced a series A funding round.
Tokenly, which has built various Blockchain platforms for sectors ranging from marijuana supply to eCommerce, announced the latest plans in a press release Tuesday.

token.FM aims to give artists considerably more control over how their content is distributed, along with deeper involvement in revenue sharing.

“token.FM is all about deepening the relationship between artists and fans while restoring the sense of music ownership that has been largely missing from the digital music experience,” Levine commented.

Blockchain’s increasing entry into the music entertainment business has accelerated this year, with rival projects leveraging Ethereum smart contracts coming to the fore.